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CKX Lands, Inc. (NYSE American:CKX) announced the outcomes of its annual shareholder meeting held on May 8, 2025. Shareholders voted on several key issues, including the election of directors, an advisory vote on executive compensation, and the ratification of the company’s independent auditors for the upcoming fiscal year.
The election of directors saw all nominees re-elected to the board. The votes were cast as follows: Lee W. Boyer received 947,675 for and 80,546 withheld; Keith Duplechin had 898,723 for and 129,498 withheld; Daniel J. Englander garnered 885,915 for and 142,306 withheld; Max H. Hart had 948,470 for and 79,751 withheld; Lane T. LaMure received 948,201 for and 80,020 withheld; Eugene T. Minvielle, IV had 947,993 for and 80,228 withheld; William Gray Stream garnered 947,544 for and 80,677 withheld; and Mary Leach Werner received 948,952 for and 79,269 withheld. All directors had broker non-votes amounting to 427,641.
In the non-binding advisory vote on executive compensation, shareholders approved the compensation of the Named Executive Officers as disclosed in the company’s proxy statement filed on April 10, 2025, with 842,390 votes for, 129,163 against, and 56,667 abstentions, along with 427,641 broker non-votes.
Furthermore, the selection of MaloneBailey LLP as the independent registered public accounting firm for the fiscal year ending December 31, 2025, was ratified with 1,358,084 votes for, 96,190 against, and 1,588 abstentions. The company’s financial stability is reflected in its impressive current ratio of 36.26 and Altman Z-Score of 52.48, indicating strong liquidity and low bankruptcy risk.
CKX Lands, based in Lake Charles, Louisiana, specializes in crude petroleum and natural gas. The company’s annual meeting results were filed in accordance with SEC regulations and were reported in a Form 8-K submitted on May 13, 2025. The detailed voting outcomes provide shareholders and the public with insights into corporate governance matters and the level of support for the board’s management and strategic direction.
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